St. Regis Bal Harbour Resort Secures $263M Refi After Special Servicing

Why it matters

This is a routine refinancing transaction involving a large commercial property exiting special servicing, which is notable for the parties involved but does not materially affect broader credit markets or underwriting standards.

Sources

• Commercial Observer

  St. Regis Bal Harbour Resort Secures $263M Refi After Special Servicing

  Fortress Investment Group has rescued Al Rayyan Tourism Investment Company (ARTIC)’s St. Regis Bal Harbour Resort out of special servicing, supplying a $263 million loan to refinance the oceanfront property. The New York-based lender assumed $188 million in existing debt and…